Oil SPIKES, Rates RISE: What Happens Next Week at the Fed [RhQ9u0JRNbV]
Mortgage rates are moving today because of oil, not the Federal Reserve. Oil is spiking toward $100 a barrel as the US and Iran clash over the Strait of Hormuz, and I break down exactly what that means for your mortgage rate before next week's Fed meeting. I walk through the two numbers the Federal Reserve actually watches, inflation and jobs, why inflation is sitting at 4.1% when the Fed wants 2%, and why I'm still saying it's a 100% chance the Fed does nothing at next week's meeting. I also explain why I'm locking in rates for anyone under contract right now, rather than waiting to see where oil and WTI crude go next. Stick around to the end, I show you the free tools I use every day to track mortgage rates myself, including RateWatch 2.2, and how comparing your loan across almost 40 lenders with a single credit pull can get you the lowest rate and fees available. 📖 Want more on why rates just jumped to 6.75%, and why it's not even about the Fed? 🏠 Ready to Buy or Refinance? Get Pre-Approved 📅 Want to Talk Through Your Options? Schedule a Consultation ✉️ Have Questions? Contact / Ask Dan CHAPTERS 0:00 Oil Spikes Toward $100 as Iran Conflict Escalates 1:15 Morning Rate Chart: Red Minus 8 2:35 Inflation at 4.1%, Jobs at 4.2%: What the Fed Really Watches 4:05 Locking In Now vs. Waiting on Oil 5:30 Fed Meeting Odds and the Minus 14 Closing Chart Welcome to The Rate Update with Dan Frio. This channel helps homebuyers, homeowners, real estate professionals, and anyone watching the housing market understand what is really happening with mortgage rates, housing, inflation, the bond market, the Federal Reserve, and the economy. My goal is simple: No hype. Just real data, clear explanations, and practical next steps. Here, we break down the stories that impact your mortgage payment, your buying power, your refinance options, and your financial decisions. WHAT YOU'LL FIND ON THIS CHANNEL 🏠 Mortgage rate updates 📉 Housing market news 📊 Inflation and Federal Reserve analysis 📈 10-Year Treasury and bond market movement 💰 Refinance opportunities 🏡 Homebuyer education 🔁 RateWatch and mortgage monitoring tools 🧮 Mortgage calculators and payment tools 🎥 Live market updates and housing commentary Whether you are buying your first home, refinancing your current mortgage, comparing loan options, or just trying to understand why rates are moving, this channel is built to help you make better decisions. TOP RESOURCES 📉 Track Mortgage Rates Automatically 🏠 TRU Mortgage Command Center 💳 TRU Debt Optimizer 🧮 Mortgage Calculators & Tools FOLLOW THE RATE UPDATE YouTube: Instagram: TikTok: DISCLAIMER I am a licensed mortgage loan officer in all 50 states and Puerto Rico. NMLS #246527 | TRU Mortgage Team / PBT Bancorp NMLS #257781 | Equal Housing Lender. This channel is for education and commentary only. Topics may include mortgage rates, real estate, housing, stocks, bonds, cryptocurrency, inflation, the Federal Reserve, and financial markets. All opinions are my own and do not represent PBT Bancorp, TRU Mortgage Team, or any financial institution I may be employed by or affiliated with. Nothing on this channel is an offer to lend, a commitment to lend, financial, legal, tax, or investment advice. Mortgage rates, terms, approvals, and programs are subject to borrower qualifications, market conditions, underwriting approval, and change without notice. Not all borrowers will qualify. #MortgageRates #FederalReserve #Inflation #OilPrices #Homebuyers #Refinance